Go get your hotel reservation for SIGGRAPH 2012 now. Reservations can be cancelled with no cost up to July 19th, so if you think there’s the slightest chance you’ll go, grab a room now.
The HQ hotel and the Figueroa are already gone. The Ritz Milner is certainly cheap and pretty close, but some TripAdvisor reviews eventually scared me off. I then switched to the Luxe City Center (used to be a Holiday Inn), as I prefer being close to the convention center. But I recall complaints about things like the WIFI stinking at the old Holiday Inn, and the place is even pricier now. So I rebooked yet again into The Sheraton, as a pretty good compromise among the factors of cost, quality, and location – being more downtown can be good, as you’re closer to restaurants and other nighttime activities.